SMU Adds to Sale List

SMU Adds to Sale List

Chile M&A

Chilean retailer SMU has indicated it will look to sell home improvement store Construmart and wholesalers Distribuidora del Pacifico and Peru-based Mayorsa, it says, as part of a plan to raise $300m-$400m. The move follows SMU’s indications last month that it would look to sell its 40% stake in Supermercados Monserrat. Monserrat would likely account for $140m of the $300m-$400m target. SMU is in the process of valuing the assets and looking for possible buyers. In July, it revealed reporting er

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